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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (13194)	6/12/2012 10:08:58 AM
From: Hawkmoon	1 Recommendation Read Replies (2) of 33421

the fundamental way that banks make money is by having a steep yield curve where you can borrow money low at 1% and lend at 5 years at 4% and lend for at 10 years at 7%. Yep.. though they could only be able to obtain 1% deposit and savings rates if the Fed lowered the Fed Funds rate to that, or even lower (like currently.. ) And now that the 10 year rate is well below 2%, it's going to hurt the banks bottom on yield income, especially if we see even more of a flight of capital to the USD that drives the 10 year down to the levels of the Swiss 10-year. The Federal Income tax did not materialize until Dec 23th 1913...... and was approved by 5% of congress. Hmm.. that doesn't sound quite right.. correct me if I'm mistaken.. The Revenue Act of 1913 passed the House, 281 to 139, on May 8, 1913. Wilson used his patronage powers to guide it to Senate passage 44 to 37, on September 9, 1913. en.wikipedia.org As for the financial "illuminati", what better tactic to use than to collect as many financial assets as possible under your control, and then create deflation so that your cash can now buy even more depreciated assets. Hawk

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